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Various states are ready for petrol and diesel to come under the GST regime opposite to the perception that they are against the concrete proposal which includes the compensation mechanism through the center. West Bengal Finance Minister Amit Mitra directed besides problem discussion says the union might not be interested to take the amendment as […]
With a total GST collection of Rs 3,340.56 crore on Feb 21, the state has increased with a 20% rise with respect to the national average of 7 pc, it is the highest among all the bigger states. In February 2020 GST collection was Rs 2,790.16 crore. In the total GST collection, the state has […]
Only on billing, no business process will be completed. Businesses will have to provide details of their sale/purchase to the prospective government and if they come under the radar of taxation, they will also have to file a tax return. The Goods and Services Tax (GST) was introduced on July 1, 2017, it replaced all […]
For the 5th continuous month, the Centre’s goods and services tax (GST) collection attained at Rs 1 trillion marks in Feb month. As per the government, this was the outcome of the implemented activities so to enhance the recovery inside the economic activities. With the same speed, the government can effectively meet the amended GST […]
The Tamil Nadu Appellate Authority of Advance Ruling (AAAR) held that the problem of eligibility of Transitional Credit is not within the purview of the Advance Ruling. The petitioner Shapoorji Pallonji and Company Private Limited seeks the advance ruling upon the problem that the Transitional Provision under Section 142(11)(c), (Chapter XX) of TNGST Act, 2017/CGST […]
The Karnataka Authority of Advance Ruling (AAR) held that 12% GST is appropriate for Job work of Thermal spray/metal or metal alloy coating on goods pertaining to different persons if the principal is enrolled. The petitioner is the owner of the Sprayment surface technologies Pvt ltd. and makes various classes of thermal spray or metal […]
Prior to the changes in the CGST reform act 2018, there is no idea of the suspension of the GST registration beneath GST law. This act introduced the suspension of the enrollment through inserting the proviso to section 29 (2) of the CGST Act, 2017 effective from 01.02.2019. The proviso directed that: Moreover, it further […]
During the time when the government was facing less collection from the revenue in the pandemic times, moreover, the bogus cases also harm the financial term of the government and the ability to pay. The FM Nirmala Sitaraman in the 2021-22 budget urged that the provisional attachment of the assets of those who are engaged […]
The Goods and Services Tax Network (GSTN) has approved the functionality to implement the Letter of Undertaking (LUT) for the fiscal Year 2021-2022 on the GST Portal. Any enrollment individual claiming the option to provide the goods or services towards exporting the Special Economic Zone (SEZ) Get to know the complete details of supplies given […]
